What Is cost basis?
What Is cost basis? © ipopba/ iStock Stock dividends It’s common for people to avoid thinking about taxes until filing season is upon them. Unfortunately, this can lead to missed opportunities to reduce tax payments. Planning ahead and understanding tax rules is useful for investors to optimize their finances year-round. Related: Cost Basis Defined Cost basis, also referred to as tax basis, is the value of an asset that is used for tax purposes when calculating gains or losses after a sale. This is generally the price that the asset was purchased at, adjusted for any dividends, mergers...
Source: msn.com